Logout Open In App
Open In App
Warning: foreach() argument must be of type array|object, bool given in /var/www/html/web/app/themes/studypress-core-theme/template-parts/header/mobile-offcanvas.php on line 20

Chapter 1: Q16DQ (page 23)

Name the departments, offices, or agencies that were created by the Dodd-Frank legislation.

Short Answer

Expert verified

The Dodd-Frank act formed CFPB, OFR, FIO, and FSOC.

Step by step solution

01

Dodd-Frank act

The Dodd-Frank act was established to increase the stability of the US’s financial system. This act helped in improving accountability and transparency in the financial system.

02

The agencies formed in the Dodd-Frank act

The Dodd-Frank act formed four agencies:

  1. Consumer Protection Financial Bureau (CFPB)

  2. Office of Financial Research (OFR)

  3. Federal Insurance Office (FIO)

  4. Financial Stability Oversight Council (FSOC)

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

What form of partnership allows some of the investors to limit their liability? Explain briefly.

Name the departments, offices, or agencies that were created by the Dodd-Frank legislation.

What advantages does a sole proprietorship offer? What is a major drawback of this type of organization?

What document is necessary to form a corporation?

How did the recession of 2007–2009 compare with other recessions since the Great Depression in terms of length?
See all solutions

Recommended explanations on Business Studies Textbooks

Organizational Communication

Read Explanation

International Business

Read Explanation

Strategic Analysis

Read Explanation

Business Case Studies

Read Explanation

Finance Literacy (Business Studies)

Read Explanation

Insurance

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free